401(k) · DOL Form 5500 · 2023

Freedom of Maryland Federal Credit Union 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets: 90
Participants Small participant base: 54th
Percentile by assets National rank: $88,522
Avg per participant Below avg balance/head

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Official DOL plan name: Freedom Fcu 401(k) Savings Plan · Sponsored by Freedom of Maryland Federal Credit Union · Maryland · Finance & Insurance

$8M in assets, 90 participants

Freedom of Maryland Federal Credit Union's Freedom Fcu 401(k) Savings Plan reported $8M in total assets and 90 participants in its 2023 DOL Form 5500 filing, ranking in the 54th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

#3,437 in Finance & Insurance (8,869 peers)

Freedom of Maryland Federal Credit Union multi-year trail

Freedom of Maryland Federal Credit Union's plans moved +39.6% in assets from 2022 to 2024; this filing shows Freedom Fcu 401(k) Savings Plan at $8M / 90 participants.

#3,437
in Finance & Insurance (8,869 peers): +22.6%
assets growth YoY

Freedom Fcu 401(k) Savings Plan's mid-pack asset rank among Finance & Insurance and all filers

Freedom Fcu 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$7,966,962 Top 46% higher than 54% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Freedom Fcu 401(k) Savings Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Freedom Fcu 401(k) Savings Plan is a small filing (90 participants) on this national headcount ladder.

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Freedom Fcu 401(k) Savings Plan reported net income rose from -$786K in the plan year 2022 filing to $1M in the plan year 2023 filing.
Freedom Fcu 401(k) Savings Plan end-of-year assets rose from $6M in the plan year 2022 filing to $8M in the plan year 2023 filing.
Freedom Fcu 401(k) Savings Plan reported participants fell from 93 in the plan year 2022 filing to 90 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 520684225 · Freedom of Maryland Federal Credit Union PY 2023 · 401(k)

Freedom Fcu 401(k) Savings Plan · $8M · 90 · 54th

VS-ST $8M
VS-ST 90
VS-ST 54th
VS-ST 401(k)
VS-ST near Best Brands 401(k) Plan
VS-ST ind #3437

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Maryland →

End-of-year total assets ($M) among Freedom Fcu 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Freedom of Maryland Federal Credit Union multi-year asset trail

Latest sponsor-wide plan assets: $9M 39.59750576488738% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	93	$6M
2023	1	90	$8M
2024	1	102	$9M

Freedom of Maryland Federal Credit Union filing trail (2023)

Total Assets (Beginning of Year)	$6M
Net Assets (End of Year)	$8M
Net Income	$1M
Employer EIN	520684225
Plan Effective Date	2001-04-01
Filing Status	FILING RECEIVED

Nearby 401(k) Plans in Maryland

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Freedom Fcu 401(k) Savings Plan vs. nearby 401(k) plans in Maryland, assets vs. participants

Lockheed Martin Corporation Salaried Savings Plan $47.3B · 91,511
Marriott Retirement Savings Plan $10.2B · 96,415
T. Rowe Price U.S. Retirement Program $4.4B · 6,292
Nfl Player Second Career Savings Plan $4.0B · 2,767
Sodexo 401 (K) Employees' Retirement Savings Plan and Trust $2.2B · 80,121

Compare Freedom Fcu 401(k) Savings Plan side-by-side with 3 peers →

Freedom Fcu 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Best Brands 401(k) Plan in TN ($8M); by covered participants it is International Marine Products Retirement Plan in CA (90 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8M here).

Best Brands 401(k) Plan (TN) $8M · 229
Netgain Technology 401(k)/Profit Sharing Plan (MN) $8M · 109
R & R Construction, Inc. 401(k) Profit Sharing Plan and Trust (LA) $8M · 187
Sealevel Construction Inc. 401(k) Plan (LA) $8M · 146

Similar participant headcount

Nearest other-state filings by covered participants (90 participants); asset peers above are excluded.

International Marine Products Retirement Plan (CA) 90 · 0 off
Co-Op 401(k) Plan (WA) 90 · 0 off
Prism Hospitality LP 401(k) Plan (TX) 90 · 0 off
East Coast Mechanical Inc (FL) 90 · 0 off

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Freedom Fcu 401(k) Savings Plan assets move in 2023? ▼

Freedom Fcu 401(k) Savings Plan grew sharply - up 22.6% during 2023, from $6M to $8M. Reported net income was $1M.

How have Freedom of Maryland Federal Credit Union plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Freedom of Maryland Federal Credit Union's sponsor-wide assets grew 39.6%, from $6M to $9M.

Which 401(k) plans are similar in size to Freedom Fcu 401(k) Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Best Brands 401(k) Plan in TN ($8M, 229 participants).

Which 401(k) plans cover a similar participant headcount to Freedom Fcu 401(k) Savings Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is International Marine Products Retirement Plan in CA (90 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 520684225.